On March 14, 2022, Dragonfly Capital Corp. closed the transaction. The company issued 46,669,665 subscription receipts for gross proceeds of CAD 7,000,500 in the transaction. The Company also paid aggregate cash finder’s fees of CAD 110,999.97 to certain eligible finders in connection with the transaction. As a part of the transaction, the company has issued 200,000 receipts and received CAD 30,000 pursuant to exemption provided under Regulation D from single investor.